Driving India Towards 5 - Trillion Dollar Economy – MSMEs Hold the Key

Abstract

India’s 5 - Trillion Dollar Economy is not a distant dream. It is a possibility. The question is what will enable this dream come true. This article analyses and proposes that only the vast category of MSMEs can help our nation achieve this great milestone sooner than later. There are many stakeholders to the development of MSMEs - the Ministry of MSMEs, the DC-MSME, the Banks, the State Governments, the NGOs and other Government organizations. Already, a significant progress has been made towards the empowerment of MSMEs. There is a great scope for further progress. Let us make the empowerment of our Entrepreneurs a national priority. All stakeholders should join in this campaign to ensure that Indian entrepreneurs can do it!